HomeTermsCompareFinance First Refusal RightThe definition for First Refusal Right:A right, usually given by an owner to a lessee, which gives the lessee a first chance to buy the property if the owner decides to sell. The owner must have a legitimate offer which the lessee can match or refuse. It the lessee refuses, the property can then be sold to the offeror. Click to compare definitions of First Refusal Right Click to view definitions beginning fi |